Chestnut Holdings borrows $5M from M&T Bank for property in Riverdale

Chestnut Holdings through the entity 308 Hull LLC as borrower signed a loan agreement with lender M&T Bank valued at $5.2 million for 2 parcels, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 53 residential units at 308 East 209th Street, 3291 Hull Avenue in Riverdale. The deal closed on October 3, 2019 and was recorded on October 15, 2019.
The property contains a total of 26,600 square feet of built space.
The average loan per unit is $98,113.
The last time the property sold was January 20, 2012, for $3,900,000.

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Direct link to the city’s interactive property map, ZOLA. link

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